What is an #Oracle?
Essential to DeFi services, oracles provide ways for Web3 services to interact with real-world data, such as the price of cryptocurrency tokens! π±
Oracles are crucial for #Ionise, keeping the protocol updated with the latest prices.
@Saitaman542 We want to build a platform that's accessible to everyone... even the total beginners π
Rest assured we'll be launching new markets soon! π
What is #MetaMask?
MetaMask is a popular cryptocurrency wallet that lets you transact tokens and use Web3 apps in your web browser.
You can use your MetaMask wallet to dive into DeFi on #Ionise!
What is #Liquidity?
Exchanges require sufficient amounts of tokens to prevent wild price fluctuations, and ensure that users can carry out transactions.
We refer to these circulating tokens as βLiquidityβ. In DeFi users are rewarded for providing this! π°
What is #HODL?
Traced back to a typo of 'HOLDING' on the BitcoinTalk forum (almost 10 years ago) - 'HODL' or 'HODLing' has become an inside joke among the crypto community in reference to not selling tokens.
It's also used as an acronym of 'Hold On for Dear Life'! π’
Proud to play our part in growing the #DeFi movement on #Zilliqa! π
Want to try out the first money market protocol built on Zilliqa EVM?
Get started now at https://t.co/IFw10uUv7S
#DeFi is a key part of #Zilliqa, and @ionise_protocol marks a major step towards building a flourishing DeFi ecosystem on the network.
Learn more about how Ionise is paving the way for massive DeFi growth on Zilliqa:
https://t.co/ClJSyL1fQM #Ionise#AMM $ZIL
Did you know... the average transaction cost on #Ethereum reached $474 in May 2020?! π³
The culprit: a land sale for 'Otherside' - a metaverse project by @yugalabs (the creators of Bored Ape Yacht Club and CryptoPunks).
What are #Gas Fees? β½οΈ
To reward people who process transactions and secure the network, fees are charged to users who transfer funds on the blockchain.
On #Zilliqa these are called 'Gas Fees', and they vary depending on the congestion of the network.
#BlockchainEducation
What is #Fiat.
Did you know... the US printed $3 trillion in 2020 alone? π°
The supply of fiat currencies is controlled directly by governments. On the other hand, most cryptocurrencies are decentralised and have a fixed supply.
#BlockchainEducation
To get started with #Ionise, you'll first need to supply your crypto to the protocol.
Take a look at our tutorial for a step-by-step guide on how to supply and withdraw assets:
https://t.co/Jni6NcsTsd
What is a #DEX?
Value exchange between individuals often involves a trusted 3rd party, or 'middleman'. Blockchain technology offers us an alternative.
For now we're trading crypto... but what if all of our possessions become tokenised? ποΈπΊπ‘π
#BlockchainEducation